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Botnet Detection Market Technology Research and Growth Outlook 2020 to 2025

The Botnet Detection Market – Growth, Trends, and Forecasts (2020 – 2025), offers an in-depth evaluation of each crucial aspect of the Global Botnet Detection industry that relates to market size, share, revenue, demand, sales volume, and development in the market. The report analyzes the Botnet Detection market over the values, historical pricing structure, and volume trends that make it easy to predict growth momentum and precisely estimate forthcoming opportunities in the Botnet Detection Market. The report explores the current outlook in global and key regions (North America, Europe, Asia-Pacific, and Latin America) from the perspective of players, countries (U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc.), product types, and end industries.

The botnet detection market was valued at USD 224 million in 2019 and is expected to reach a value of USD 2,104 million by 2025, registering a CAGR of 37.6% during the forecast period (2020 – 2025).

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Key Market Trends:

BFSI Sector is Expected to Witness Significant Growth

– Owing to the nature of data held by financial institutions, including banks, credit unions, credit card companies, and brokerage firms, they are the most at risk of cyberattacks. Furthermore, not only is the sector at an increased risk more than ever due to the changing nature of operations, but also it is identified that a certain type of attack, such as DDoS, is continuously impacting this sector, and growing in size and frequency.
– According to a study conducted by Ponemon Institute and IBM, while a malware attack on a financial institution will cost it about USD 825,000 on average, the impact of a DDoS attack, that specifically targets online banking services, skyrocket to an average of around USD 1.8 million. This could be a major reason for the proliferation in the number of DDoS attacks on banks.
– Further, DDoS attacks are being launched just as a distraction to conduct credential stuffing attacks or to exploit any form of web-based vulnerability, according to the State of Internet/Security Report released by Akamai. Akamai discovered more than 800 such DDoS attacks against the financial services industry over an 18-month period ending April 2019.

Asia Pacific is Expected to Witness Significant Growth Rate

– The number of botnet attacks is rapidly increasing, owing to which, the demand for botnet prevention is expected to increase. For instance, in July 2018, a group of hackers claimed to have compromised about 18,000 Huawei routers, which was further confirmed by security firms, Qihoo, 360 Netlab, and Rapid7. As a result, this is expected to boost the utilization of robust solutions by Huawei and other companies, thereby augmented the growth of the market studied over the next six years.
– Furthermore, companies are setting up facilities, especially, to reduce the impact of various botnet attacks, such as DDoS. For instance, in July 2018, Alibaba announced to set up a center associated with DDoS attack mitigation in Malaysia by August 2018. This is also expected to boost the usage of botnet prevention tools, thereby having a positive impact on market growth.
– Internet penetration across emerging economies is rapidly increasing. For instance, according to the Internet and Mobile Association of India, internet users were expected to reach up to about 500 million by June 2018. As a result, it is expected to expose the users to various botnet attacks, thus increasing the need for detection solution thereby boosting the market growth.

Influence of the Botnet Detection Market report:
–Comprehensive assessment of all opportunities and risks in the Botnet Detection Market.
–Botnet Detection Market recent innovations and major events.
–A detailed study of business strategies for the growth of the Botnet Detection Market market-leading players.
–Conclusive study about the growth plot of Botnet Detection Market for forthcoming years.
–In-depth understanding of Botnet Detection Market, market-particular drivers, constraints, and major micro markets.
–Favorable impression inside vital technological and market latest trends striking the Botnet Detection Market.

Browse Full Report TOC and Description:
https://www.marketintelligencedata.com/reports/82416/botnet-detection-market-growth-trends-and-forecast-2020-2025?Mode=19

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Botnet Detection Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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